The stock of BranchOut Food Inc (BOF) has gone down by -16.67% for the week, with a 47.06% rise in the past month and a 41.84% rise in the past quarter. The volatility ratio for the week is 12.68%, and the volatility levels for the past 30 days are 19.63% for BOF. The simple moving average for the last 20 days is 15.37% for BOF’s stock, with a simple moving average of 8.62% for the last 200 days.
Is It Worth Investing in BranchOut Food Inc (NASDAQ: BOF) Right Now?
The public float for BOF is 2.37M, and currently, shorts hold a 0.68% of that float. The average trading volume for BOF on May 09, 2024 was 2.18M shares.
BOF) stock’s latest price update
BranchOut Food Inc (NASDAQ: BOF) has experienced a decline in its stock price by -10.31 compared to its previous closing price of 2.23. However, the company has seen a fall of -16.67% in its stock price over the last five trading days. InvestorPlace reported 2024-04-24 that BranchOut Food (NASDAQ: BOF ) stock is taking off on Wednesday after the company announced its third contract with a major retailer in the U.S. According to the company, this deal comes with a commitment of $300,000. That’s enough to push BranchOut Food’s annualized revenue above $8 million.
BOF Trading at 3.94% from the 50-Day Moving Average
After a stumble in the market that brought BOF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.74% of loss for the given period.
Volatility was left at 19.63%, however, over the last 30 days, the volatility rate increased by 12.68%, as shares surge +52.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.31% lower at present.
During the last 5 trading sessions, BOF fell by -16.67%, which changed the moving average for the period of 200-days by -31.27% in comparison to the 20-day moving average, which settled at $1.77. In addition, BranchOut Food Inc saw 65.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BOF starting from Dalfonsi John, who purchase 5,000 shares at the price of $4.88 back on Jun 16 ’23. After this action, Dalfonsi John now owns 74,803 shares of BranchOut Food Inc, valued at $24,400 using the latest closing price.
Healy Eric, the CEO of BranchOut Food Inc, purchase 2,000 shares at $5.00 during a trade that took place back on Jun 16 ’23, which means that Healy Eric is holding 750,083 shares at $10,000 based on the most recent closing price.
Stock Fundamentals for BOF
Current profitability levels for the company are sitting at:
- -1.03 for the present operating margin
- -0.03 for the gross margin
The net margin for BranchOut Food Inc stands at -1.39. The total capital return value is set at -1.24.
Based on BranchOut Food Inc (BOF), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -13.34. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is -6.68.
Currently, EBITDA for the company is -2.52 million with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 2.76. The receivables turnover for the company is 4.31for trailing twelve months and the total asset turnover is 0.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.15.
Conclusion
In conclusion, BranchOut Food Inc (BOF) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
